Approval & Closing Timeframes

As part of our service commitment, intelliMortgage strives to:

• Obtain approval from your chosen lender in 48 business hours or less
• Close your mortgage in just 18 business days (if you so choose)

These timeframes are estimates based on a standard application, approved credit, an owner-occupied home, typical lender processing times, normal income qualification and all documents being available up front.

The 18-business-day timeframe applies to purchases and refinances closed by a lawyer within 3 business days of instructions being received. The 18-day timeframe starts from the time your application is submitted by us to the lender you’ve chosen, which occurs once we receive your required documentation.

intelliMortgage’s 18-business-day close policy is not applicable to:

• switches (aka., transfers or assignments), which usually require at least 30 days to close
• rental properties
• pre-approvals
• blended rates
• non-prime applications
• applications with atypical property types or construction
• lenders with application backlogs.